Industrial Revolution in Great Britain
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Questions and Answers

What was the first limited liability company in the world?

East India Company

Which industry saw the first technological revolution during the industrialization period?

Textile industry

Who invented the spinning jenny in 1765?

James Hargreaves

In what year was the power loom invented?

<p>1785</p> Signup and view all the answers

What mode of power was found in the 1780s to operate machines like the spinning jenny?

<p>Steam engine</p> Signup and view all the answers

What innovation revolutionized communication during the industrialization period?

<p>Electric telegraph</p> Signup and view all the answers

What were the 4 pre-conditions that needed to occur before the Industrial Revolution could begin?

<p>Agricultural revolution, financial revolution, revolution in demand, technological revolution</p> Signup and view all the answers

How did the Agricultural Revolution in Great Britain contribute to population growth in the 18th century?

<p>By increasing crop yields and supporting a significant increase in population.</p> Signup and view all the answers

What were the two ways in which engrossing was done during the Agricultural Revolution?

<p>Through enclosure or by pushing out tenant farmers and hiring some back as wage laborers.</p> Signup and view all the answers

How did the Financial Revolution in Great Britain help in the investment for industrialization?

<p>By providing ways to gain capital through producing it, borrowing it, or selling shares.</p> Signup and view all the answers

What made Great Britain one of the wealthiest nations on earth by the late 18th century?

<p>Its vast trading network, budding capitalist agriculture, and surplus capital for investment.</p> Signup and view all the answers

Where did Great Britain lead the way in the development of joint-stock companies?

<p>In the late 16th century.</p> Signup and view all the answers

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